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1 RESOLUTION 02-17847 A RESOLUTION TO CLOSE THE SPECIAL IMPROVEMENT DISTRICT DEBT FUNDS AND SIDEWALK SPECIAL ASSESSMENT DEBT FUNDS TO THE SPECIAL IMPROVEMENT DISTRICT REVOLVING FUND PURSUANT TO M.C.A. 7-12-4222. WHEREAS, the Special Improvement District Bond Debt Obligation and the Sidewalk Special Assessment Debt Obligation has been paid in full and excess/deficit balances remain, and WHEREAS, state law requires that Special Improvement/Sidewalk Debt Funds closed to the SID Revolving Fund and the City Council has the authority to close these funds after all debt has been satisfied. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BILLINGS, MONTANA: That the Special Improvement/Sidewalk Funds be closed to the SID Revolving Fund per Attachment B effective June 24, 2002: PASSED AND APPROVED by the City Council, this 24th day of June 2002. THE CITY OF BILLINGS: BY: Charles F. Tooley, MAYOR ATTEST: BY: Marita Herold, CMC CITY CLERK ---PAGE BREAK--- RES 02-17847 2 ATTACHMENT A FUND 820 SID ISSUE ISSUE ACCRUED DELINQUENT FUND NUMBER DATE AMOUNT CASH INTEREST RECEIVED BALANCE 1217 1985 91,000 15,593 136 - 15,729 1218 1985 60,000 4,660 46 - 4,706 1219 1985 208,000 (45,497) - (45,507) 1236 1985 500,000 (333,968) - - (333,968) 1243 1985 396,000 63,163 530 - 63,693 1246 1985 120,000 (82,669) - - (82,669) 1247 1985 336,000 7,873 75 303 8,250 1249 1986 43,000 29,988 284 - 30,272 1251 1986 315,000 27,110 254 - 27,364 1252 1986 798,000 (582,096) 0 83,581 (498,514) 1259 1986 703,000 (331,109) 0 17,398 (313,711) - TOTALS 3,570,000 (1,226,953) 1,315 101,282 (1,124,356) - FUND 824 SID ISSUE ISSUE ACCRUED DELINQUENT FUND NUMBER DATE AMOUNT CASH INTEREST RECEIVED BALANCE 861 1986 - 12 - 9 1229 1986 781,000 52,971 436 - 53,407 1232 1986 58,000 7,242 64 - 7,306 1235 1986 125,000 (9,722) 1,098 (8,632) ---PAGE BREAK--- RES 02-17847 3 1238 1986 837,000 22,647 127 - 22,774 1262 1986 88,000 3,296 27 - 3,323 TOTALS 1,889,000 76,445 643 1,098 78,186 FUND 825 SID ISSUE ISSUE ACCRUED DELINQUENT FUND NUMBER DATE AMOUNT CASH INTEREST RECEIVED BALANCE 862 1986 - 0 - 1255 1986 767,000 (532,348) - 50,719 (481,629) 1256 1986 1,336,500 (1,109,348) - 114,996 (994,352) 1257 1986 339,500 (178,885) - 7,465 (171,419) TOTALS 2,443,000 (1,820,581) 173,180 (1,647,401) FUND 829 SID ISSUE ISSUE ACCRUED DELINQUENT FUND NUMBER DATE AMOUNT CASH INTEREST RECEIVED BALANCE 1292 1988 24,000 1,213 12 - 1,225 1293 1988 88,000 8,780 87 - 8,867 1294 1988 102,000 10,063 101 - 10,164 1295 1988 20,000 1,947 19 - 1,966 1296 1988 83,000 8,169 81 - 8,250 1297 1988 38,000 2,841 28 - 2,869 TOTALS 355,000 33,013 327 - 33,341 - FUND 832 - Refunding issue SID ISSUE ISSUE ACCRUED DELINQUENT FUND ---PAGE BREAK--- RES 02-17847 4 NUMBER DATE AMOUNT CASH INTEREST RECEIVED BALANCE 920 1992 - (8,152) 305 - (7,847) 1116 1992 24,851 - 1127 1992 33,000 (41,013) - - 1129 1992 30,544 (33,120) - - (33,120) 1134 1992 166,000 (160,219) - - (160,219) 1136 1992 48,597 102 4 20 126 1138 1992 208,750 (315,784) - 4,153 (311,631) 1139 1992 602,214 (270,390) (22) 2,199 (268,214) 1142 1992 - (69) (14) - (82) 1143 1992 32,000 (32,332) - - (32,332) 1145 1992 42,215 (40,888) - - (40,888) 1146 1992 241,668 11 (37) - (26) 1148 1992 187,685 (106) (22) - (127) 1150 1992 130,376 (5,128) (27) - (5,155) 1152 1992 - (36) 3 - (33) 1153 1992 164,918 1,202 56 107 1,365 1158 1992 254,753 (29,974) (18) 105 (29,887) 1161 1992 283,296 (215,540) - - (215,540) 1162 1992 630,544 (143,642) (52) - (143,694) 1163 1992 96,296 (695) - (697) 1164 1992 160,057 (98,159) 8 - (98,151) 1168 1992 88,696 (1,492) (24) - (1,515) 1169 1992 82,346 (42,596) 46 (42,551) 1179 1992 257,674 (113,049) (11) - (113,060) 1191 1992 574,943 (69,811) (36) - (69,847) 1193 1992 261,129 (41,511) (23) - (41,535) ---PAGE BREAK--- RES 02-17847 5 1194 1992 16,049 (1,603) - (1,605) 1195 1992 13,148 (3,004) - (3,004) 1196 1992 22,648 49 2 - 51 1197 1992 12,529 1 - 1198 1992 582,710 (48,139) (68) 213 (47,993) 1200 1992 149,118 (11,872) (13) 138 (11,747) 1202 1992 14,798 136 9 - 145 1203 1992 29,698 (7,781) 0 - (7,781) 1204 1992 279,510 (1,087) (25) 115 (997) 1213 1992 508,754 (142,218) (89) - (142,307) 1216 1992 92,694 (2,722) (15) - (2,737) 1220 1992 505,000 18,058 1,257 - 19,315 1224 1992 21,709 (2,407) - (2,410) 1225 1992 10,025 3 - 3 1227 1992 40,899 (3,695) - (3,698) 1230 1992 26,669 218 6 89 312 1240 1992 140,000 468 10 764 1,242 1245 1992 560,490 (277,755) - 31,852 (245,903) 1266 1992 135,000 (22,368) 2,555 (19,813) 1268 1992 1,700,000 55,325 3,401 2,439 61,165 TOTALS 9,464,000 (2,112,789) 4,552 44,795 (2,063,442) FUND 854 SIDEWALK ISSUE ISSUE ACCRUED DELINQUENT FUND NUMBER DATE AMOUNT CASH INTEREST RECEIVED BALANCE 8885 1988 - 156 (14) - 142 8902 1988 175,727 23,971 156 - 24,128 ---PAGE BREAK--- RES 02-17847 6 8998 1988 9,273 1,481 61 - 1,543 TOTALS 185,000 25,608 204 - 25,812 Grand Total 17,906,000 (5,025,256) 7,041 320,355 (4,697,860)